GE signs service agreement for GE 9HA.02 technology at 1,440-megawatt combined-cycle power plant in Malaysia

MOSCOW (MRC) — GE’s Power Services business announced it signed a multiyear agreement (MYA) with Southern Power Generation Sdn Bhd (SPG) for its new Track 4A plant, a 1,440-megawatt (MW) combined-cycle power plant in Pasir Gudang, Johor, Malaysia, as per Hydrocarbonprocessing.

Under the terms of the 21-year agreement, GE will provide services solutions for the first two GE 9HA.02 gas turbines to be installed in the country and deploy its Predix* Asset Performance Management (APM) software to help improve asset visibility, reliability and availability of SPG’s plant, contributing to long-term energy security needs in the country.

GE will utilize its Fleet360 platform of gas plant solutions. Under the terms of the agreement, GE will provide a full spectrum of digital solutions and plant improvement services, major inspections on the 9HA.02 gas turbines, along with technical advisory services.

"With the largest base of installed gas turbines in Malaysia, GE has grown hand in hand with the country’s power development needs,” said Ramesh Singaram, president of GE Power APAC. “We have been doing business in the country for more than 40 years and will continue to help drive improved efficiencies and business outcomes for our customers like Southern Power Generation. I am pleased that our combined services and digital capabilities will help support long-term maintenance and performance for the first HA-based power plant in the country, ensuring more reliable and flexible power generation for the country. We thank Southern Power Generation for their trust in GE."

The agreement also includes GE’s Predix APM suite of digital solutions. APM improves asset visibility, reliability, and availability and reduces operating and maintenance costs: data processed by the APM solution can help balance maintenance costs, improve inspection intervals and provide invaluable insights into operational risks. Data collected from sensors throughout the facility will be monitored 24/7 at GE’s Monitoring & Diagnostics (M&D) Center in Kuala Lumpur.

The services deal follows the success of achieving the financial closure for the engineering, procurement and construction (EPC) contract with SPG in October 2017, marking the growing fleet of GE’s largest gas turbine platform to a total of over 70 units of the HA-platform gas turbines ordered to date. This plant will be jointly constructed through the collaboration with a Taiwanese EPC partner, CTCI Corporation.
MRC

MOSCOW (MRC) -- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has announced that the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), with respect to its pending acquisition of A. Schulman, Inc., as per LyondellBasell's press release.

The termination of the waiting period under the HSR Act satisfies one of the conditions for the closing of the pending acquisition, which remains subject to other customary closing conditions, including approval by A. Schulman shareholders and the receipt of other required regulatory clearances and approvals.

As MRC informed previously, on February 15, 2018, LyondellBasell and A. Schulman, a leading global supplier of high-performance plastic compounds, composites and powders, entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of USD2.25 billion. The acquisition builds upon LyondellBasell's existing platform to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio.

LyondellBasell is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell manufactures products at 55 sites in 17 countries. LyondellBasell is also a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.

A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers’ demanding requirements. The Company’s customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 4,800 people and has 54 manufacturing facilities globally. A. Schulman reported net sales of approximately USD2.5 billion for the fiscal year ended August 31, 2016.
MRC

MOSCOW (MRC) -- SINOPEC Engineering (Group) Co. announced that it recently entered into several contracts of engineering, procurement and construction (EPC) with Zhongke (Guangdong) Refining & Chemical Co. in relation to the chemical engineering and power station segment of Zhongke Guangdong integrated refining and petrochemical project, which is located at Zhanjiang, Guangdong Province, China, as per Oceanwir.

SINOPEC Engineering (Group) Co.'s scope of work under the contracts mainly includes the main process units of chemical segment, such as a 800 thousand tons per annum (Ktpa) ethylene steam cracking unit, a 400 Ktpa pyrolysis gasoline hydrogenation unit, a 550 Ktpa polypropylene unit, a 350 Ktpa high density polyethylene unit, a 250 Ktpa EO and 400 Ktpa EG unit, a 100 Ktpa EVA unit, a 180 thousand standard cubic meters per hour coal-to-hydrogen unit, a power station and other utilities and facilities.

The total value of the contracts is approximately RMB10.932 billion. The contracts took effect from the date of signing. The intermediate handover date of the project as agreed under the contracts is October 2019.
MRC

According to the statistical committee of the Republic of Belarus, local converters increased their purchasing of PVC in January 2018 on the back of low prices of some suppliers. Total imports were 2,700 tonnes, compared to 1,400 tonnes a year earlier and 3,200 tonnes in December 2017.

As reported earlier, PVC imports rose to 34,600 tonnes in 2017 from 24,800 tonnes in 2016, with local windows producers accounting for the main increase in demand.

Russian producers with the share of 89% of the Belarusian market were the key suppliers of resin to Belarus in the first month of the year. Producers from Ukraine and Germany were the second and third largest suppliers.

MRC

February output of PC granules was 5,620 tonnes versus 6,530 tonnes a month earlier. The plant has been operating normally. The plant has been increasing its output of extrusion grades as the start-up of the season of strong demand approaches.

Some PC sheets producers reported limited quantities of extrusion grade material at the plant in January-February. January output of extrusion grade PC accounted for 67% of the total production, whereas it reached 94% in February.

Overall production of extrusion grades reached 9,700 tonnes in the first two months of 2018 or 79% of the plant's total output. Production of injection moulding PC accounted for 21% or 2,500 tonnes. The main quantities of Kazanorgsintez's injection moulding PC was shipped for export to China.

Kazanorgsintez again raised its prices of extrusion grade and injection moulding PC by Rb5,000/tonne in March. Extrusion grades were offered from Rb220,000/tonne FCA plant, including VAT, whereas injection moulding grades were offered from Rb225,000/tonne FCA plant, including VAT.

MRC